I'm starting to develop a fondness for Greeks.. they drain the banks and default about every 40 years and all the time they claim that they deserve better treatment and that it's not their fault.. It's sort of cute really, sort of like Mama's favorite child that can get away with anything... After they pull it off this time they will probably put a big sorry look on their face and admit they were bad and promise that it will never happen again..

Germanyâs Wolfgang SchÃ¤uble is entering into ever more dangerous waters.

His apparent demand that Greece postpone elections scheduled for April, and impose a technocrat junta (a lâItaliana) for another year without PASOK and New Democracy, takes your breath away. Is this really the position of the German government? Greek democracy be damned?

Its Hijinks, I tell ya! You couldn't write better comedy than this. And before all the poor Greek netizens call me out, I will say that, like Hemingway, I believe the best kind of humor is gallows humor.

I'm starting to develop a fondness for Greeks.. they drain the banks and default about every 40 years and all the time they claim that they deserve better treatment and that it's not their fault.. It's sort of cute really, sort of like Mama's favorite child that can get away with anything... After they pull it off this time they will probably put a big sorry look on their face and admit they were bad and promise that it will never happen again..

More...

This is all assuming the money they are borrowing was generated legitimately (legally, fairly) in an open market, and not coming from a black market.

I'm starting to develop a fondness for Greeks.. they drain the banks and default about every 40 years and all the time they claim that they deserve better treatment and that it's not their fault.. It's sort of cute really, sort of like Mama's favorite child that can get away with anything... After they pull it off this time they will probably put a big sorry look on their face and admit they were bad and promise that it will never happen again..

1.) The borrower may falsify a declaration of assets in order to get more credit than an honest report of assets would have warranted.

2.) The lender may falsify a declaration of assets in order to lend more credit than an honest report of assets would have permitted.

In other words, a lender may be lending what is tantamount to counterfeit currency. In that case, all complaints about Greece defaulting are as unfair as the original deal to lend funny money (unearned) in return for a legitimately earned gross national product, through the sale of products or services.

A "black" market is a market you don't know about, a secret market, where you don't know where the money is coming from. It's non-transparent. The involvment of a private party in the Greek deal renders this whole deal "black". Until you know where the money is coming from that's being offered to Greece, whether it was legitimately obtained or not, you have no basis for complaint about what Greece does, or does not do.

They would be better off without Euro.. look at Iceland after collapse .. they should leave euro put capital control on property to citizens only. But they would be flooded with tourists and make money this way. They also could support their own energy and agriculture.